Know your tax election options and identify opportunities to ensure filing requirements related to tax elections are met.
Ryan Keey, Macc, CA, Carswell Editor McCarthy Tétrault LLP, General Editors: Doug S. Ewens, Frédéric Harvey, Nigel Johnston, Gabrielle M.R. Richards, Rosemarie Wertschek
The Canada Tax Service Tax Elections Guide 2012 provides tax professionals with a handy summary of tax elections available under the Income Tax Act, and valuable references and commentary to consider when utilizing various elections. The Guide can assist tax professionals to identify opportunities, ensure filing requirements related to tax elections are met. The 2012 Edition of the Canada Tax Service Elections Guide covers 300 elections and designations available under the Income Tax Act and Income Tax Regulations (reference is also made to corresponding elections under the Quebec Taxation Act). The Guide has been updated for Bill C-47 amendments, including amendments and additions relating to stock option elections. References to the latest cases and CRA Views Documents have also been added, and the compliance calendars have been updated to reflect the latest forms and penalties.